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Tax advice from TV talking heads

April 10, 2009

And one of those tax-yammering heads was mine.

FoxBusiness.com Live, the cable TV network's noon online program, focused today on taxes. Four of us — Fox's resident accountant Tracy Burns, H&R Block's Amy McAnarney, Chuck Jaffe from Marketwatch, and moi.

I was approached to talk about a story I did for Bankrate on housing tax laws. I did get to that, but the hosts Connell McShane and Jenna Lee also were captivated by my blog item on sin taxes.

A good portion of the 12 minutes I spent on air was spent on the potential for overhaul of the tax code (a dream that's still a long way off), the IRS change of heart on deducting e-payment charges and sin taxes.

Unfortunately, I fear we on the program and the viewers who were Twittering with the hosts during the broadcast, came up with more possible bad habit areas to tax! I just hope not too many lawmakers were on watching!

You can watch the program below or here if you don't see the video box. I debut around 33 minutes.

After a slow start — doing a remote and not seeing the folks
in the studio, I wasn't immediately sure Connell was talking to me — I
did OK. They let me ramble for 12 minutes, so I guess they
thought so did, too.

And yes, that's the actual Texas capitol building behind me. Pretty cool, eh?

Anyway, that's my 15 (or 12) minutes of fame … for now!

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The More Tax Posts tab at the top of this page will take you to, well, more tax posts. You also can search below for a tax topic. 

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TAX-SAVVY WAYS 
TO WRAP UP 2026

It’s over! With October’s extended filing deadline behind us, it is now time to focus on year-end moves to reduce your 2026 tax bill. 

You’ll find ways to do just that on the Tax Tips page (see the More Tax Posts drop-down menu at the top of the blog), as well as the separate tax tip pages for each month, notably October through December. If you’re on the Tax Tips page, you’ll find a monthly list at the end of this column. If you’re on another blog page, you can head straight to the October tips; at the bottom of that tips page you’ll find links to all the other 11 months’ collections of tax advice.

Not to spoil what you’ll find in that tax advice, but it does cover such things as tax deductions for charitable donations, investment moves that could reduce tax due, and ways to max out your tax-favored retirement savings. 

Finally, as the year winds down, things get hectic. There are lots of other things to occupy our time, like the much more fun upcoming holidays. But don’t lose sight of taxes, since timing is key. To be of use, most tax moves must be made by the end of the tax year. That’s Thursday, Dec. 31, which also is the last business day of the year. 

So that you don’t miss that final tax year deadline, also keep an eye on the countdown clock below. It will keep you on top of just how much time is left to make important, tax-saving moves. (Note: I’m in the Central Time Zone, so adjust accordingly for where you live.)

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